The ABI has published a language guide for communicating pension freedoms with the aim of simplifying pension jargon.
While implementation of the guide is voluntary it is hoped that firms will decide to adhere to it by April 2018.
Retirement options should be described as one of the following:
-You can keep your pension pot where it is
-You can take your whole pension pot in one go
-You can take your pension pot as a number of lump sums
-You can get a flexible retirement income
-You can get a guaranteed income for life
-You can choose more than one option and you can mix them
Places all gone.Committee Update
17th May 2017 9:24 am
We are very pleased that Sarah Hawkins...ABI 'Making Retirement Choices Clear' guide - Milestones approaching
28th Mar 2017 2:13 pm
If you wish your company to be listed as a supporter, the deadline is Friday 31 March 2017.
28th Mar 2017 2:07 pm
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